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January, 21, 2017

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Business > Asia
A Chinese consortium is set to acquire a 40 percent stake in Pakistan's main bourse, the country's stock exchange said Thursday.
 
A Chinese consortium is set to acquire a 40 percent stake in Pakistan's main bourse, the country's stock exchange said Thursday.
 
Sentiment in the local service sector improved in November, with an index that gauges the outlook of firms in the sector reaching its highest level for 17 months, according to a survey released by the Taiwan Institute of Economic Research (TIER) on Friday.
 
1.68% GDP boost forecast for 2017
Taiwan's economy is expected to grow at a slightly higher rate next year compared to 2016, Taiwan's top research body said.
 
Average real earnings decline
Average real monthly earnings of employees in Taiwan in the first 10 months of 2016 were down 1.03 percent from the same period a year earlier and at about the same level they were at 16 years ago, according to government figures released Thursday.
 
Central bank says key interest rates to remain the same
The Central Bank of the Republic of China (Taiwan) has kept its benchmark interest rates steady for a second straight quarter, a move in line with market expectations.
 
Shares in Taiwan trended lower on Thursday, falling below the 9,200 point mark, amid cautious sentiment ahead of a central bank policymaking meeting due later in the day, dealers said.
 
New Zealand's economy grew at a brisk rate of 1.1 percent in the September quarter as people spent more on traveling, eating out and recreation.
 
India's central bank on Wednesday rolled back an order restricting deposits of banned rupee bills into bank accounts, after the move sparked a huge public backlash.
 
Acer approves NT$6.34 bil. impairment charge
Taiwan-based PC brand Acer Inc. on Tuesday said its board of directors agreed at a special meeting to recognize an impairment charge of approximately NT$6.34 billion, mainly that of intangible assets of its new cloud-related business.
 
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